Scottish giants Dundee United have confirmed club chairman Stephen Thompson has been in talks with the Newcastle Jets after the A-League club had its licence revoked.
The club said Thompson was acting in his capacity as part of a consortium.
"Dundee United is not involved in talks with the Newcastle Jets, this is a personal venture for the chairman as part of a consortium.
"Any involvement of Mr Thompson in this or any other venture is entirely his prerogative and the board, which he remains fully committed to, is focused purely on Dundee United FC delivering a positive end to the season and building for next season."
The talks followed Nathan Tinkler's messy break-up with the A-League club.